A khazanah associate whispered to me...

MAS performance for 2nd Qtr had improved despite still being in the RED... positive news .....not negatively portrayed as continued lost = means losing more than previous qtrs. Never easy for any company to turnfrom DEEP Dark RED to Black.... has to be gradual......

Anyone has any idea when will MAS 2nd Qtrs results be announced?

another boring day Zzzzzzzzzz.

Up up up up to the skies.... fly MAS fly!

Malaysian Airlines System - 2Q13: Just Outside the Profit Zone

Date: 29/07/2013

Source : MAYBANK
Stock : MAS Price Target : 0.35 | Price Call : BUY
Last Price : 0.305 | Upside/Downside : +0.045 (14.75%)

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Still making losses, but vastimprovement expected. MAS will release its 2Q13 results on 31 July. 2Q is a seasonally weak quarter, and we expect MAS to post a core loss of MYR34.6m (+78% YoY, +90%QoQ). This strong improvement is due to higher load factors and lower fuel price of USD124.4/bbl (-5.8% YoY, -7.9% QoQ). MASshould be profitable in 2H13 as it enters into its seasonally strong quarters of 3Q (strongest) and 4Q (second strongest) and benefits from lower operating cost from new aircraft induction. We upgrade the stock to a BUY (from HOLD) as the share price has plunged into value territory. We keep our forecasts and target price of MYR0.35/share unchanged based on 1.2x 2013 P/B which is in-line with regional peers.

2Q13 operating statistics is remarkable. MAS’ 2Q13 passenger load factor surged by 6.6ppts YoY to 80.4%, while its cargo load factor increased by 1.5ppts YoY to 72.8%. The overall load factor (passenger + cargo) was up by 4.9ppts YoY to 77.9%.This is MAS’s best performance since inception and has surpassed Singapore Airlines (widely regarded as the industry leader) which achieved 78.0% for the same period under review.

However, at the expense of yields.We expect MAS’ 2Q13 yields to decline by 4.5% YoY based on observation of other regional peers’ results and our observation of published ticket fares.This decline in yields is expected as MAS is embarking on a load active, yield passive strategy. It appears the first objective to achieve high loads is already at hand, assuming MAS can sustain its 2Q13’s performance going forward. Now, MAS will focus on overturning its yield decline trend.

Time to accumulate.The stock has plummeted by 23% since our SELL call at end of May. We think this is overdone as MAS’ current market capitalization of MYR5.1b is roughly equal to its cash pile. We forecast MAS will be profitable in 2H13 and generate positive cashflow. Therefore MAS should trade above its current book value to reflect its improving business outlook.

Source: Maybank Research - 29 Jul 2013

How about some Viagra to get it up? :)

lapsap 'one man's trash is another man's gold'

ipomember... i am an investor with a fair and and very respectable volume purchased recently and optimistically looking forward for MAS shares to take off. So no kidding. What I do not understand is that - WHY IF anyone in this forum has no personal interest on MAS, why are you here? so ipomember and those who had been condemning MAS mind enlightening me on this ? :)

Please don't get me wrong, i strongly advocate each and every individual have the right to their opinion.... especially so Malaysia Bolih.... talk talk rubbish politics and still get away with it :) Cheers!

come on guys.... we need to help push the breakthrough 4 weeks range 0.29 - 0.32...then MAS will fly...:)

Another Zzzzzzz day...

Buy with faith and wait for your rewards....

hakeyila what are U doing on this forum? wasting time if you have no interest at all. winners and losers there will be daily,... this is what stock market is about, otherwise all winners who loses the dollars?

0.31 is good buy..... see MAS holding the ground at 0.31 .....will FLY next week !

Good read and catch deadwood... game will change sooner or later... definitely in the coming weeks with the qtrly results..fly MAS fly up up to the skies!

Right on Muarmali ! who are the "alot of ppl wish to cut loss before price drops further" .. why still holding strong at 0.31-0.315 ! Common sense friend.

MAS quarter end in end of July'13. No risk No gain. Khazanah cruise ship is sailing and catch it before u are left behind bro.

Go in @ 0.315 and the price will be driven up faster to 0.32/0.33 by end of the trading week. Put money ... Take money!

respectable volume traded and hold ground with impetus to climb....

Fly MAS Fly..... up up to the SKIES! :)

Right on felixngu! BIG Picture = Gain BIG $$$$:)

expected to end day trading MYR0.32. :)